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CSPAN
Jan 18, 2013 6:00am EST
, a discussion on the debt ceiling and deficit reduction debate. this was part of a brookings institution forum on jobs and the economy. this panel is an hour or and 20 minutes -- an hour and 20 minutes. [inaudible conversations] >> all right. should we get started again? um, i'm either using that vision, or that clock is way off. but i'll use my watch. okay. so if everybody could come in from coffee and sit down, we'll get started on our second panel. and we're delighted to welcome a really terrific set of panelists, lew kaden, vice chair of citi, maya macguineas who is now involved in or leading the fix the debt campaign. bob mcdonald who is the ceo and president of procter & gamble, and ralph schlosstein who's the ceo of ever corp.. so really a terrific group. let me just give a little bit of context, at least while everyone's filing into the room. i'm martin baily with the economic studies program at brookings. if we cast our minds back to the 1960s, the 1960s, obviously b, was a troubled decade politically, but economically growth was pretty strong. productivity growth wa
CSPAN
Jan 15, 2013 8:00pm EST
thinking yesterday as i was listening to the president about past conflicts over the deficit reduction. mark and i were talking about how far back we go. it is a few years. and i remembered him of the earlier sessions that we had. gramm-rudman one and two and gran member holland. i've googled it for all of them. and i was thinking there have been two major changes. number one is the dataset that is clearly much greater. the deficit is much greater. when i think of the ways and means committee, would change their has been in the composition. the ranking member at a time when i started went to the world bank. i worked with bill on trade. he was handling the tax material mainly. and bill was working on health care at the time. i think a second major change is very much effective today and affects us today. it is this change in composition of the republican party. i think it has moved very much more to the right. i think that makes it very difficult to handle the problems that we have before us. let me comment briefly on where we are. you offer the president yesterday. we have had spending
CSPAN
Jan 23, 2013 9:00am EST
deficit. it pales by comparison to the deficit we face here, but nevertheless, for a state our size, a not insignificant amount. we had not balanced our budget, even though it's constitutionally mandated, we had not balanced it for seven years. governor daniels and his team had the vision and the political courage to make much-needed changes, and the people of indiana supported and responded. while other states increased spending and raised taxes, indiana reduced spending, cut taxes and paid down our debts. governor daniels and the ledges slew tour and with the support -- and the legislature and with the people of the people of indiana slowed down spending and state expenditures have grown at one-quarter of the rate of the previous decade. they also reduced the size of state government. indiana has the fewest state employees per capita in the country. we paid down the previous debt by 43%, and we currently sit with a budget surplus and a rebate program which will give money collected in taxes back to the taxpayer because of the efficiency and effectiveness of our spending program in
CSPAN
Jan 17, 2013 12:00pm EST
in washington from the narrow lens of deficit reduction so the larger goal of economic growth and maintaining the health and economic security of all americans. now, there's no question that reducing the federal deficit is a worthwhile goal. nobody's going to argue with that. we need to address our nation's long term physical problem. we understand that. they affect all of us. most importantly our children and our grandchildren. their future would not be bright if they are drowning in red ink of budget deficits and soaring national debt. we understand that too. however, their futures will not be very bright if they can't afford health care or if they can't afford a quality education or if they don't have the opportunity to attain long term financial security. leaving them with less economic security by weakening social security and medicare would be just as bad, and for many people, it would be worse, and if we weaken social security and medicare to the point of their parents and grandparents to no longer live with dignity and purpose, we will be risking their futures as well. as
CSPAN
Jan 15, 2013 5:00pm EST
called, then it has to face the economic tasked with value facing 20% and a huge fiscal deficit thanks to the patronage of the last year than you are going to start to see a lot of the chickens come home to roost and see it break apart. this is very similar after -- basically he was forced to engage in a austerity package around 1952 until 55 and that is what basically got him kicked out. and then of course after 1944 he died and you begin to see that internal battle, then you begin to see diffraction happening but not until -- >> that is a perfect segue because i want to bring it back to russell for the question. we talked about politics and about constitution, institutions. we talked about the economy although we've alluded to this aspect to it let me ask you to take off your journalist hat and put on your markets have and ask a simple question is venezuela going to buy, sell or hold? >> i think what we are going to see in the short term is a great deal of turmoil to reverse of markets -- capital flees some certainty. so, right now you have on uncertainty because nobody knows what's
CSPAN
Jan 22, 2013 11:00pm EST
deficits. let me say one thing americans will no longer tolerate is an attitude that says we can put off our work until the very last minute. they're tired of 11th hour deals. tired of 11th hour deals. they're tired of careening from crisis to crisis. and so am i. the good news is a return to regular order is the surest way to solve the problems we face, and i hope some of my friends on the other side will agree that there is value in this body actually functioning the way it was intended to. let's face it, the status quo isn't working. the senate isn't functioning as it should. and it has nothing to do with a process that has served us well for a very long time. but if we work together and strive to avoid some of the bad habits we've developed around here i believe we'll be able to achieve the solutions that have eluded us for the past four years and develop positive results for the people who sent us here with time to spare. we can do better. i know my constituents expect better than what they have been getting from congress in recent years, and so should we. years, and so should w
CSPAN
Jan 14, 2013 8:30pm EST
that kind of capability in the federal government to add the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is? >> guest: technology aspect is manifold. and price performance improves every 18-24 mocks. in the last year we have gotten into the innovation cycle in batteries so by the end of 2020 electric vehicles will actually be price competitive with grass-driven cars. the problem with these things is that we can't wait. we can't wait because of the environmental effects and we can't wait because we need the economy to grow quickly right now. so the book lays out a whole bunch of different ideas for bringing private investment much more quickly into the job of rebuilding the power grid. >> host: on this show, a series on the international power plant, and he doesn't necessarily agree that the internet is completely green or is terribly green. what is your thought? >> guest: he is right about that. people say that data centers in the united states account fo
CSPAN
Jan 17, 2013 8:00pm EST
debt, the gdp, our deficit to gdp, down around 3%, which is the basis of which all economists left, right, center, agree, are the areas which we really can begin to grow as a country. and also my grandfather used to say, with the grace of god and good will of the neighbors, cooler heads will prevail between now and the time we deal with the debt ceiling, that we may very well be able to meet the goal which we set out to do, which is to have roughly a $4 trillion cut over ten years, and in the long-term deficit and put us on that path. but i didn't come here to talk about any of those important subjects today because, as important as they all are, today we have a more urgent and immediate call, and that is how to deal with the epidemic of gun violence in america. you all know the statistics very well so i'm not going to repeat them. on that score, i might add, oui an incredible debt of gratitude to many of you at the head table as well as those of you in the room. i know we don't have absolutely unanimity in this ballroom, nor do we in anyway ballroom, but we all know, everyone ackn
CSPAN
Jan 17, 2013 6:00am EST
gregg discuss the debt and deficit reduction at an event hosted by the u.s. chamber of commerce. that's at 8:30 ian. eastern. and at 1 p.m. eastern, the national immigration forum holds a news conference. speakers are scheduled to include tom donohue of the u.s. chamber and former commerce secretary carlos gutierrez. >> he had been talking about this dream that he had had. he had talked about it for years, you know? the american dream, and that it had become his dream. he had been in detroit just a few months before, and he had talked about i have a dream that america will someday realize these principles of the declaration of independence. so, um, i think he was just inspired by that moment. >> sunday on "after words," claiborne carson recalls his journey as a civil rights activist participating in the 1963 march on washington to prominent historian and editor of martin luther king jr.'s papers. it's part of three days of booktv this weekend. monday featuring books on president obama and martin luther king jr. >> now an update on preparations for president obama's inauguration on monda
CSPAN
Jan 21, 2013 11:15pm EST
improvement and also for increases in the dead end deficit. his job legislation proposals are not well received the republicans. the administration has not proposed any innovative resolution for the severe downturn in housing and some believe he should have supported and promoted simpson/bowles deficit reduction proposal. he's not been able to significantly expand economic opportunity. how has obama used the tools of leadership? he attempts to communicate his vision of proposal, but he said. so often on television that overexposure was occurring. he's a capable public speaker, beseeches frequently like this. he showed during his first campaign. he seems to lack a dramatic communication skills of fdr, reagan or clinton. obama frequently comes across as a teacher and not a motivator. he fails then to frequently excite and motivate the broad public he must reach, although he isn't doing that in the current campaign. there's a recent article in the sunday edition of "the new york times," entitled obama plays to win in politics and everything else. the author paints a picture of obama that
CSPAN
Jan 21, 2013 11:15am EST
unemployment and minimal hope for its improvement, and also for increases in the debt and deficit. his job legislation proposals are not being well received by republicans. the administration has not proposed any innovative resolution for the severe downturn in housing. and some believe he should have supported and promoted simpson-bowles deficit reduction proposal. he has not been able to significantly expand economic opportunity. how has obama used the tools of leadership? he attempts to communicate his vision and proposals, but he has appeared so often on television that exposure -- overexposure was agree. he's a capable public speaker, but his speech is usually lack the spirit he showed during his first campaign. he seems to lack the dramatic comedic asian skills of fdr, reagan or clinton. obama frequently comes across as a teacher, or as a motivator, not a motivator. he fails then too, frequently to excite and motivate. although he currently isn't doing bad and the current campaign. there's a reason article in a sunday edition of "the new york times" entitled obama plays to win in pol
CSPAN
Jan 15, 2013 9:00am EST
and manufacturing. the second on deficit reform, and the third on improving government performance. the participants here today include brookings scholars, outside experts, and private sector representatives and leaders. our discussions will reflect a lot of the research that goes on here at brookings, and you will be able to find a number of examples of that research outside the auditorium where you came in. my recommended particular, the work of our metropolitan program on ideas on how to revitalize manufacturing, and also the work of art government studies program on how to make innovation-based economy. the growth through innovation project is an example of what we're doing increasingly here at brookings, and that is undertaking both research and public events and outreach that draw from multiple programs of research pro-guns here at the institution. and we have three of our research programs represented here today. the growth through innovation project is led inside a brookings by darrell west of our government studies program, bruce katz, of our metropolitan program of our ec
CSPAN
Jan 21, 2013 3:30pm EST
about long-term deficit reduction, health care, the future of the republican party in more. the second term senator from oklahoma is latest book is the debt bomb. a bold plan to stop washington from bankrupting america. >> senator tom coburn, who is ross "kelberg? >> i'm trying to recall. >> the case in the 1940's. >> short. a chicken farmer. also a wheat farmer. and roscoe sued the federal government when they told him that he could not raise the adequate amount of we that he wanted to because the government had decided there were going to control replanting. what he said was a okay, but i can raise we for my chickens. he took it all the way to the supreme court and lost that battle. >> what you recount the story? >> because it is a great example on the enumerated powers and what -- what we find ourselves in the place we are in now? how do we get here? what do we do about it? what other ramifications. the greatest way for the government to make something expensive is whether government to make it affordable. and all you have to do is look at the programs. the average of a shared cost
CSPAN
Jan 23, 2013 5:00pm EST
the balance deficit reduction we can and should achieve in the months ahead. we stand ready to work with republicans on just such an agreement. over the past two years i've been working on a bipartisan basis and paint everything should be on the table and any deficit reduction plan must be balanced. unfortunately to this point, senator mcconnell and some senate republicans have refused to engage in deficit reduction discussions that included revenue and spending cuts. i hope the republican leader in his caucus will change course, joining senate democrats and reduction discussions that are truly balanced, strengthen the safety net across america, protect the vulnerable people in our nation and improve progressivity for working families. these are important debates that help us determine where we as a country are headed. we expect and require that the tea party elements to the precedent setting today. social security, medicare and medicaid would not be held hostage to the debt limit. >> well, thank you. i want to thank colleagues. first, i'm not sure what happened at the house republi
CSPAN
Jan 16, 2013 9:00am EST
the government, about the size of the deficit, and a lot of back and forth over these three issues. i think i just want, without going into all the different ramifications, i want to say one word about the debt ceiling, which is that not everybody understand what the debt ceiling is about. the debt ceiling, raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating sank i know how we can save money, we won't pay off credit card bills. not the most effective way to improve your credit rating. it was the very slow solution to the debt ceiling in august 2011 i got the u.s. downgraded last time. so it's very, very important that all these issues are important but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. >> a number of people have expressed concern about
CSPAN
Jan 22, 2013 12:00pm EST
for the biggest, most wealthy oil companies. those funds could be put to use, reducing our deficit or funding critical programs for working americans. on issue after issue after issue, we saw inaction. and what we heard yesterday at the start of this next two years was a call from the president for action. he said in his inaugural speech, "for now, decisions are upon us and we cannot afford delay. we cannot mistake absolutism for prince polar substitute spectacle for -- principle or substitute spectacle for politics or treat name-calling as increased debate." he continued, "we must act knowing that our work will be imperfect. we must act, knowing that today's victories will be only partial." the president echoed, if you will, the thought that he brought into his first four years, the urgency of now. that we have big issues facing america and it's time for the executive branch and the legislative branch to work together to address those issues. well, in this call for action, we must ask: how much action can there be if we see more than a hundred filibusters in the next two years? ho
CSPAN
Jan 22, 2013 8:00am EST
. eastern the house ways and means committee holds a hearing on debt and deficit reduction. examining the history of the debt limit, how past congresses have dealt with the him and whether the constitution provides options to the executive branch when the debt limit is reached. the house is expected to vote wednesday on increasing the nation's current debt limit of nearly $16.5 trillion. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. [applause] >> next, a discussion about gun violence and gun control measures. chicago mayor rahm emanuel was joined by ohio representative stephen latourette at an event hosted by the university of chicago's institute of politics. former nbc nightly news anchor tom brokaw moderated the discussion. it's about an hour and 15 minutes. >> thank you all very much for being here. i've been in this business for a long time, a half a century, and there are occasions in american life when one issue kind of galvanizes the country. and it seems to me that as we begin this year that guns, violence
CSPAN
Jan 17, 2013 9:00am EST
trillion of deficit reduction. lowered the deficit to 1.4% of gdp in 2022, stabilize the debt by 2015. it even further reduced discretionary spending. it builds on health reform savings and called for social security reform, and provided specific things to do to get social security solvent for the next 75 years here and also include fundamental tax reform that raise revenue. and raised quite a bit of revenue, 2.4 trillion of that 5.4 trillion would have been revenue, but revenue not required raising rates, but revenue that would come through reforming the tax code, reducing preferences, exclusions that are shot through the tax code, to actually be able to reduce rates and raise additional revenue. for anybody that wanted can you really do that, remember tax expenditures are running $1.2 trillion a year. we are spending more for the tax code than we are through all of the appropriate accounts of the federal government. this is what happens to the deficit in the share of gdp under the fiscal commission plan. you can see a dramatic improvement. the fiscal cliff plan, and what was just ad
CSPAN
Jan 15, 2013 11:00pm EST
financial system is weaker, less capacity coming out of the crisis. it is a credit deficit in the community and some regional bank that again is a serious public policy to address the next couple of years. >> thank you. my, what teacher perspective on the short run and long-run, so let's start on the short run because we are right in the middle. we sort of avoided the fiscal cliff. sad events involving over the next couple and how are these going to play out? >> if anyone you think should be played out, i'd be thrilled to know the answer because it's one of the more confusing moments. then they start by saying it's moment which do think there's an awful lot of good news in that news. the conference is focusing on the overall economic picture in the pieces that go into feeling economic growth and innovation. there's so much goodness to be had, so many ideas in a think tank where so many developed about luck and hope that growth in our country cynic at decision to use those that have a positive outcome. if one, the whole fiscal issue as i could coming up the wheels of everything else. right n
CSPAN
Jan 16, 2013 7:00am EST
mess about deficit reduction, he knows you cannot begin to to deficit reduction until you take a serious approach to welfare reform. on the side of the house we're doing it in a fair and responsible way. a way that rewards hard work. >> order. questions to the prime minister. >> number one, mr. speaker. >> thank you, mr. speaker. i'm sure the whole house will wish to join me in paying tribute to richard reginald walker, 28 engine regiment, attached to 21 engineer regiment. it is clear to see from the tributes paid that he was outstanding soldier and mutual respect. are deep assemblies are are with his family and his friends at this difficult time. mr. speaker, i would also like to mention helicopter crash in central london display but also central london display but also wish to join in sending our thanks to the emergency services for the rapid and professional response to the situation. mr. speaker, this point i had meetings with ministerial and colleagues and others, and in addition to my duties in the south i will have further such meetings later today. >> for too long many wo
CSPAN
Jan 23, 2013 7:30am EST
those of germany. they are state deficits ran a profit in contrast to germany, which was in deficit. and despite all this, ireland and spain found themselves in the same boat with greece. cutting of salaries, lowering consumption, rise in joblessness, immigration, depression. and why? the reason is that our countries are part of a poorly planned out fiscal currency union. a currency union that did two things. they took away the ability of our economies to absorb the shock in the event that we were to face a global oil regional crisis, and they managed to make the effect of the shock be much, much worse. why? because during the good old days our fiscal union led to giant influx of profits from countries experiencing profits the countries that had debt. these influxes caused bubbles, which in turn led to the formation of, lead to the impression of growth and progress. in spain the money that was coming from germany and elsewhere was borrowed from private investors. the price of homes grew. people had to borrow a great deal of money from banks in order to buy homes. afterwards, prices
CSPAN
Jan 20, 2013 3:00pm EST
budget and the dealt ceiling and deficit -- the debt ceiling, deficit reduction, also the bin laden raid and what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and took -- why he took the actions he took in that very pear rillous time -- perilous time for him politically. but i also explained how this is all done in a way to set up the 2012 campaign that we just went through. he had a theory, after he took that big hit in 2010, he had a theory that he could make the 2012 race a choice not just between him and mitt romney, but a choice between different ideologies, different approaches to government, between different sets of visions and values. and everything he did, um n that time frame he kept trying to tether to this big idea he had about a choice. and when i wrote
CSPAN
Jan 14, 2013 8:00pm EST
last two years, and my constituents look at this spending and our trillion dollar deficit, they want to know where all the money goes, not just over a million dollars, and this amendment would take one step to providing transparency and accountability. so i ask this committee add the amendment, and i'd also file two amendments that would have needed waivers. these seek to ensure that local governments are not violating the second amendment right office law abiding citizens. and then number 60 would require certification by the secretary of homeland security that no recipients were receiving funds if they were agent acting actinn contravention to the law preventing gun con confiscation. when guns were improperly confiscated after hurricane katrina, congress passed a law to prevent this from happening in the future. in the state legislature in kansas, i led the effort to pass similar legislation. i have submitted revised amend 68 that would ensure that no funds are used under this bill in violation of the second amendment rights following katrina. my office cleared this language with t
CSPAN
Jan 16, 2013 5:00pm EST
, we've had some deficit reduction. the president laid out a couple days ago. we had over $2 # trillion. we had a trillion and a half that came from previous actions, and then we added just a few days ago some further deficit reduction through increased taxes on the very wealthy of this country. we already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a debt beat nation, really, and i think common sense is likely to prevail within the republican ranks. i know, if i might say so, if not firsthand, second hand, that the leadership within the house republican caucus, not all of it, i think some of it realizes that the potential consequences. >> host: if president obama won, so to speak on the fiscal clif
CSPAN
Jan 17, 2013 11:00pm EST
debt to gdp, deficit to gdp down around 3%, which is all economists are training center greer that areas we can begin to cruise the country and as my grandfather used to say that the grace of god and goodwill of the neighbors, between now and the time we deal with the debt ceiling, we may very well be able to meet the goal we set out to do, which is to have roughly $4 trillion cut over 10 years in the long-term deficit and put us on that past. i didn't come here to talk about any of this important subjects today because as important as they all are today we have a mortgage and indie media call and that is how to do with the epidemic of gun violence in america. the one of the statistics better than anyone, so i'm not going to repeat it. on that score i might add ale in a credible threat of gratitude to many of you at the table as well as those of you in the room. i know we don't have unanimity and this ballroom, nor do we have any ballroom, but we all know, it wanted knowledges we have to do some gain. we have to act and i hope we all agree there's a need to respond to the carnage o
CSPAN
Jan 21, 2013 8:00am EST
changes. belief it or not we care more than anything else about the health of the economy, so deficit reduction is really big for us. we support the simpson-bowles, we're the only association that does. it hurts etch, it's shared sacrifice, it's painful even for us but we need stability in our finances as a country, and every responsible business should stand up and say that, and we're urging both sides -- republicans and democrats -- to recognize the pain has to be spread around. there's some things, patent controls that effects innovation. basically, people don't produce anything but lawyers. it's not really a good way to get a society. and from the smallest start-up to the biggest economy everyone's saying we need more certainty, you shouldn't be putting people out of work in actively-of run companies if they're don't even think they're breaking someone's patent. there has to be some certainty. >> host: do a lot of members of congress fcc, other officials attend here, and what do you want them to leave with? >> guest: we try to get as many officials as possible. of we have every co
CSPAN
Jan 22, 2013 8:00pm EST
to bring us together or deal with our generation, which is deficit and debt. until we fix that problem, we cannot leave behind for our kids the kind of america that appears lapine for us. 1364 days since democrats last brought the subject of the senate floor. many of our colleagues don't even remember debating the budget on the floor and unfortunately our national debt, which now exceeds $16.4 trillion, $52,000 for every man and woman and child in america demonstrates the failure of that policy, if you could call it that. i would like to congratulate the house for directing people's attention to bring a budget to the floor. and i think the appropriate sanction is no budget and no pay. i believe that sends a good message. everybody understands the importance of having a budget of the family of small business and they understand that that is what causes that contributes to the federal government continuing to spend money it does not have, the mortgaging our children's future. thanks to the house of representatives for bringing this to the country's attention and we look forward t
CSPAN
Jan 15, 2013 12:00pm EST
mulvaney of south carolina, a large -- big deficit hawk. the republican senate committee budget guru, and he is offsetting most of the first slice. the bill's actually two pieces, 17 billion and 34 billion. and he's offsetting the 17 billion portion with a across-the-board cut. so it'll be interesting to see if that passes or not. you know, all democrats will vote against it, and i suspect that it will fail. but it'll be interesting to see. for him it's important because they want to establish the principle that emergency spending needs to be offset with spending cuts. which is something that democrats are very afraid of, because they feel like every time there's a disaster, republicans use it as an excuse to go after domestic programs, social services and so forth. so that'll be an important precedent, and then we'll see what happens in the senate. you know, we'll probably see a house/senate conference on the bill or some ping-ponging between the chambers and probably delaying final enactment. >> host: yeah. and the washington times reporting this morning that the conservative group for
CSPAN
Jan 18, 2013 9:00am EST
projected deficit of $500 million, even after taxes had been increased. i think a number of you remember that as well. working with the legislature, we ended last fiscal year with a $500 million ending balance, a billion dollar swing to the good and we paid off all of our callable bonds. good job, legislature. [applause] we are now in a strong fiscal position. the last decade was unfortunately a lost decade where kansas lost thousands of private sector jobs while the rest of america grew. in december 2010, our unemployment rate was 7%. today our state's unemployment rate is 5.4%, the 10th lowest in america, and wichita state university projects we will add more than 24,000 private sector jobs in the state this year alone. that's good news. [applause] when i started as governor, we had the highest state income tax in the region, now we have the 2nd lowest and i want us to take it to zero. look out texas, here comes kansas. [applause] in the previous decade, we had population losses of more than ten% in nearly half of our counties. today we are adding hundreds of new kansans in ma
CSPAN
Jan 16, 2013 7:30am EST
government of venezuela, if you've got a deficit, you know, stop giving oil away. stop subsidizing sales to people. that would be a lodge cl thing -- logical thing to do. and if you had a government that was not as idealogically motivated as the current government, if you had a chavista government not as idealogically motivated as the current government, that would be a real, logical thing for them to do. >> yeah. thank you for those comments. before i go to chris for the last question this round, i want to mention that after that we'll be going to the audience for some of your questions. we'll have circumstance rating microphones, so you can be thinking about the questions. hopefully, the certification to this point has been sufficiently provocative that you'll have a number of questions, and we can go into the procedure for doing that. but just to give you a heads up that that's coming shortly. chris, back to you for really a continuation of where charles left his comments. but i want to press it just a little bit further. you've talked about the democracy side. charles also mentioned tha
CSPAN
Jan 17, 2013 5:00pm EST
the deficit and also have a vision and the stability in what is going to happen in terms of the voting of economic growth. estimate what the peak to the cut a piece of that. the spending on health not necessarily the biggest cost of the deficit right now but if you look at 20 years, for 30 years it is the alligator that is going to swallow everything. i was on a panel last week and there was a lively argument around should we raise the age for medicare, should we try to change the system and have a fee for service, has the obama administration done a lot to lower the cost of health care going forward so we don't need to do much more? what do you think is in practical terms what needs to be done on health care if you poll people they say we all want to cut medicare celerity want to go dealing with that piece of the puzzle? >> that reminds me when i was in graduate school i went to study foreign policy and was right around the time they balanced the budget and i thought my gosh what am i going to do? so i realized the long-term problems were still there and i had to make a choice
CSPAN
Jan 16, 2013 12:00pm EST
large budget deficits is because the economy collapse. and in classic washington fashion, this is the case with the schoolhouse is on fire and rather than focusing on putting the fire out, everyone in washington runs out to use as much water. the budget deficit is the economy right now. that's the to 50 minute like that but that's the truth. i think it would be great if an organization with strength and integrity of a or b. would stand up and make the point because we're having an entire budget that is basically premised on something that is not true. >> i agree with you. we do have underlying pieces of our economy that need to get fixed. but massive change in spending and we've already cut a trillion dollars over all in spending. we've cut medicare as part of the political their act. we have to be really careful and just solving these problems by cutting spending. .. >> we do it in a way that supports families and the population that we have. >> let me just add to that. i agree with you, but unfortunately, most of the people on social security will be on fixed budgets. and so the
CSPAN
Jan 18, 2013 12:00pm EST
veer -- inadvertently did not disclose information, you are put at a credibility deficit with the public, and sometimes it is hard to dig out of that. it is very difficult for organizations, especially in a crisis response, to think about just releasing the information before it's asked for and remove that deficit. i've been involved in several situations where the information was available and the information was understandable and probably mitigated some of the concerns, but because of the way the companies in the government work, it was difficult to make that transparent and then catching up with that with the american public is really, really difficult. nancy and marcia, we had talked about this with jay a lot. one of the problems we have in mental anguishing impacts -- measuring the impacts of the spill in the gulf is the lack of the background of the presence of hydrocarbons as a baseline for understanding there had been a change. in the context of moving beyond the direct aims of the research that's going to be conducted with the bp money, what do you think the larger resea
CSPAN
Jan 14, 2013 11:00pm EST
create new deficit spending. so not raising the debt ceiling is sort of like a family that's trying to improve its credit rating. families that say, i know how we can save money, we won't pay her credit card bills. it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise that as an additional fiscal cliff that is facing us? would you think that it's not as concerning as it was when you raise that term initially? >> as i said the fiscal cliff, if it is allowed to take place, it probably would have traded a recession this year. a good bit of that has been addressed. nevertheless, we still have fairly restrictive fiscal policies now. it is estimated that federa
CSPAN
Jan 18, 2013 11:00pm EST
chirping. cities cannot and budget deficits. what happens when you something like the great recession quite cities all over the country having to scale back because they can't run budget deficits. exactly which you don't want to do a scaled-back local employment during the economic downturn. this is a huge thing. the department of justice program provides grants to local law enforcement to hire more police. the program could easily be 20 or 30 times its billion dollars a year size. it would be one of the most productive things the federal government could do to make progress in this area. >> we agree. i think what the professor just outlined in the latter part of what he said is go after illegal gun markets. were talking about people balanced or selling guns to felons, people engaged in gun sales that are illegal under any interpretation of the law and go after criminal people with records who are carrying guns illegally. that's been done in cooperation in chicago. i think the important thing is to find ways to go after the criminals here. but i'm afraid we're going to do a
CSPAN
Jan 18, 2013 8:00pm EST
states right now is it's very disproportionately locally driven. cities cannot run budget deficits, so what happens when you something like the great recession. cities all over the country having to scale back if they can't find the budget deficit. that's what you don't want to do this, local employment during an economic downturn. >> even the fiscal cliff to be right about now. >> this is a huge thing. justice program provides grants to law enforcement to hire more police. that program could easily be 20 or 30 times its billion dollars figure size. it would be one of the most productive things the federal government could do to make progress in this area. >> we agree 18 what the professor outlined in the latter part of what he said is to go after illegal gun market among law-abiding people. we're talking about felons on gun violence from the people engaged gun sales illegal under any interpretation of the law. and go after people with records carrying guns illegally. that's been done in cooperation with u.s. attorney in chicago. it's been reasonably good. they think the important
CSPAN
Jan 19, 2013 10:30am EST
ham and cheese sandwich. the deficit let's walk back to the hotel, about to return miles we did. we walked back here. by this time it was good to be either to:00 at night and said i would pick him up in the morning and taken to the airport, which said it. i knew the flight. we got out that the airport. he did something which was very curious. it was with the minister had done with him. that is, just before he went tour is planned he turned around , put his suitcase down and threw his arms around me and give me a hug. it was a wonderful bond. the other story, to tell you is a very grim story. the most difficult part of the story is that we in the embassy been nothing about it. it turned out the ambassador did know anything about it. if we believe in civilian control the military is a heavy tank. the head to of supervised the creation of a new american cultural center not too far -- on the other side, just a block down from the hotel. so we had bought up this big old palace. we were turning it into a culture center. clinical trial an attache, and he was going to do it. we had three as
CSPAN
Jan 15, 2013 6:00am EST
use or as the expression go, i believe it, we reduce the federal deficit. >> i thank the gentleman. i yield back, mr. chairman. >> i don't have any question. i support the gentleman's amendment over all. >> thank you very much. >> mr. woodall? >> thank you, mr. chairman. i would ask the gentleman because i know he's speaking on behalf of the his constituents when you bring -- when he brings this amendment, but the size of this package, larger than many and how appropriation bills, $60 billion. that's larger than homeland security appropriations bill that mr. king authorizes. that's larger than the financial services appropriations bill. that's larger than the state department foreign operations appropriations bill, and these are all built with which this congress deliberates vermont's. hearing -- four months. he was committed to making sure your folks get those things that they need, hearing the priority that if one has laid out knowing that these are not optional things that are needed, these are mandatory things that are needed. these are items that new jersey and new york will a
CSPAN
Jan 16, 2013 8:00pm EST
the morning former senators kent and jeff discuss the debt and deficit reduction. at 1:00 p.m. eastern the national immigration forum hold a news conference focusing on immigration legislation. speaker scheduled to include tom of the u.s. chamber of commerce and carlos. >>> he had been talking about this dream he had. he talked about it for years. the american dream then it become his dream. america will someday realize the principles and the decoration of independence. inhe was inspired by the moment. sunday on after wards he recalls the journey of the civil rights activist participating in the march on washington. part of three dais of booktv this weekend monday featuring authors and books on the inauguration, president obama, and martin luther king, jr. >>> now a look at the agenda for the security and exchange commission. fcc commissioner dan gallagher spoke at the u.s. chamber of commerce for an hour. [inaudible conversations] [inaudible conversations] good afternoon. thank you for joining us. i'm david the president and ceo market here at the u.s. chamber of commerce. th
CSPAN
Jan 22, 2013 5:00pm EST
deficit reduction plan in the united states to be downgraded. the greatest threat to our national security was our debt. so democrats in the senate are now going to have to make a choice. today agree with the president that spending is not a problem or do they agree with their constituents at home who are focused on the fact that they are burdening our children and grandchildren with a mountain of debt of varying -- burying them under that mountain of debt. it's a step back from wyoming where people continue to beat very concerned and anxious about the debt and realizing, not for them, but for their kids and grandkids to the chance for freedom and opportunity has listened as the debt continues to increase. >> i want to mention two things that were up to your concern. we start a new presidential term. one was the announcement of the obama campaign essentially going to transition to a not-for-profit to do the same thing that the campaign did. they did not produce the kind of results that the president would want to produce. seems to me he has doubled down on the strategy of the last
CSPAN
Jan 23, 2013 12:00pm EST
so many of our federal employees. as we debate budgets and debt and deficit and oftentimes recognize that we have to make extraordinarily difficult choices and cuts, behind all of those cuts in many instances are federal employees who do remarkable work in keeping us safe and providing services and helping our country grow. ted kaufman used to come down here and on a regular basis and celebrate some of those unsung heroes, and i was proud to continue this tradition last congress and look forward to carrying it on through another session. i start this next congress actually celebrating two great federal employees, both who happen to be virginians, i might add, who serve as excellent role models. they represent the thousands of professionals who work quietly every day across our intelligence community to keep our nation safe. very often these professionals work in anonymity and many risk their lives in troubled spots far away from the limelight. and that is how it should be. as we've seen certain incidents abroad recently, sometimes they paw with the highest sign -- pay with the highes
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